In this post, we will learn about the Neelam Linens And Garments (India) Limited IPO (SME): Should you apply for this IPO? What is the subscription status? What does the company do? What is today’s GMP (Gray Market Premium), and how to check the allotment?
About the Company
Neelam Linens And Garments (India) Limited is a prominent company specializing in linen and home décor products, offering a wide range of high-quality linens and garment products to customers. The company focuses on producing and distributing premium linens, home textiles, and fashionable garments tailored to customer needs.
Key Business Activities:
Linen and Home Textile Products – Neelam Linens primarily manufactures various home textiles like bedsheets, curtains, cushion covers, and other products that enhance the beauty and comfort of customers’ homes.
Garment Production – The company also provides a wide range of fashionable garments, including high-quality clothing for both men and women.
Customer Service – Neelam Linens is dedicated to delivering an exceptional shopping experience, ensuring high-quality standards and outstanding service to its customers.
E-commerce Platform – The company’s products are available on various e-commerce platforms, enabling customers to conveniently shop online.
Global Presence – Neelam Linens exports its products internationally, establishing a global presence and ensuring that their high-quality products reach customers around the world.
Core Industry
Neelam Linens And Garments primarily operates in the home textile and garment industry. The company’s mission is to provide stylish, durable linen and garment products that add comfort and elegance to customers’ lifestyles.
In simple terms, Neelam Linens And Garments provides stylish, high-quality home textiles and garments that allow customers to create a more beautiful and comfortable home environment.
A glimpse of Neelam Linens And Garments (India) Limited‘s key operations
Reasons for Neelam Linens And Garments (India) Limited‘s IPO
Neelam Linens And Garments (India) Limited may have several key reasons for launching an Initial Public Offering (IPO). Generally, companies initiate an IPO to raise capital from investors, allowing them to expand and grow their business. For Neelam Linens And Garments (India) Limited, the reasons for an IPO might include:
1. Raising Capital
Through the IPO, Neelam Linens And Garments (India) Limited can gather funds from public investors, which can be utilized for new projects, building manufacturing plants, upgrading technology, and strengthening the company’s infrastructure.
2. Business Expansion
The company aims to expand its operations into more areas. Funds raised from the IPO can help Neelam Linens And Garments (India) Limited enter new markets and serve a larger customer base.
3. Debt Repayment
Many companies use IPO proceeds to pay off old debts, which strengthens the balance sheet and supports long-term growth.
4. Enhancing Brand Credibility
Becoming a public company boosts the brand’s credibility and reliability. This instills confidence among investors and potential customers that the company is in a strong and stable financial position.
5. Dilution of Promoter’s Stake
An IPO may reduce the stake held by the company’s promoters, providing an opportunity for new investors to buy shares in the company.
Through these motivations, Neelam Linens And Garments (India) Limited aims to achieve its future goals by launching an IPO.
IPO Amount
Neelam Linens And Garments (India) Limited IPO is ₹ 13 crores.
IPO Details
- Price Range: ₹ 20 to ₹ 24 per share
- Minimum Quantity: 6000 shares
- IPO Open Date: November 08, 2024
- IPO Close Date: November 12, 2024
- Basis of Allotment Finalisation Date: November 13, 2024
- Initiation of Refunds: November 13, 2024
- Credit of Shares to Demat Account: November 14, 2024
- IPO Listing Date: November 18, 2024
Based on these important dates, you can plan your investment and allotment process for the IPO accurately.
Subscription Status
You can check the IPO subscription status by visiting the NSE or BSE website. Here, you will find information on how many times this IPO has been subscribed.
As of today, November 08, Neelam Linens And Garments (India) Limited IPO subscription status is 1.50 times.
Neelam Linens And Garments (India) Limited IPO GMP Trend
The latest GMP (Gray Market Premium) for the Neelam Linens And Garments (India) Limited IPO is ₹ 0. With a price band of ₹ 24, the estimated listing price for the Neelam Linens And Garments (India) Limited IPO is ₹ 24 (issue price + today’s GMP). The expected profit/loss percentage per share is 0.00%.
What is GMP (Gray Market Premium)?
GMP is the premium at which IPO shares are traded informally in the gray market. This means that if an IPO’s GMP is high, there is a good chance of making a profit during its listing on the stock market.
How to Check Allotment?
To check your IPO allotment, you can visit the following registrar’s website of the company and enter your PAN number, application number, or Demat account number. You can also check the allotment status on the NSE and BSE websites.
You can use the following links to check the status:
Should You Apply?
It depends on what kind of investor you are. If you are a long-term investor and trust the company’s fundamentals and growth potential, this IPO might be beneficial for you. However, before investing in an IPO, you should evaluate your investment goals and risk tolerance.
Considering all these points, you can decide whether you should apply for the Neelam Linens And Garments (India) Limited SME IPO or not.
